EXHIBIT 8.1
Page 1
MAIN REPSOL YPF GROUP INVESTEES AT DECEMBER 31, 2005
Name |
Country |
Parent |
Other Shareholders(1) |
Line of Business |
Consolidation |
% of Total Ownership |
Amount in Millions of Euros |
|||||||||||||||||||||
% of Direct Ownership |
% of Control |
Share Capital |
Reserves |
2005 Income (Loss) |
Interim Dividend |
Assets Owned(2) |
||||||||||||||||||||||
Repsol Petróleo, S.A. |
Spain | Repsol YPF, S.A. | Refining | F.C. | 99.97 | 99.97 | 217.6 | 553.1 | 873.3 | (600.1 | ) | 1,043.6 | ||||||||||||||||
Repsol YPF Lubricantes y Especialidades, S.A. |
Spain | Repsol Petróleo, S.A. | Repsol Comercial de Productos Petrolíferos, S.A. |
Production and marketing of by-products | F.C. | 100 | 100 | 5.4 | 25.6 | 16.4 | 47.4 | |||||||||||||||||
Estasur, S.A. |
Spain | Repsol YPF Lubricantes y Especialidades, S.A. | Repsol Comercial de Productos Petrolíferos, S.A. | Distribution and marketing of lubricants | F.C. | 100 | 100 | 0.1 | 0.8 | 1.4 | 2.3 | |||||||||||||||||
Euroboxes, S.A. |
Spain | Repsol YPF Lubricantes y Especialidades, S.A. | Repsol Comercial de Productos Petrolíferos, S.A. | Operation of workshops and other activities | E.M. | 100 | 100 | 0.1 | 0.03 | 0.03 | — | 0.1 | ||||||||||||||||
Repsol YPF Productos y Servicios Petrolíferos, S.A |
Spain |
Repsol YPF Lubricantes y Especialidades, S.A. |
Airport services |
E.M. |
100 |
100 |
0.1 |
0.4 |
|
0.1 |
|
— |
|
0.6 |
| |||||||||||||
Repsol Eléctrica de Distribución, S.A. |
Spain | Repsol Petróleo, S.A. | Repsol YPF, S.A. | Electric power distribution and supply |
E.M. | 100 | 100 | 0.1 | 0.6 | 0.7 | — | 1.3 | ||||||||||||||||
Asfaltos Españoles, S.A. |
Spain | Repsol Petróleo, S.A. | Asphalts | P.C. | 49.99 | 50.00 | 8.5 | 8.2 | 1.2 | — | 8.9 | |||||||||||||||||
Red Eléctrica de Distribución, S.L. |
Spain | Repsol Petróleo, S.A. | Repsol YPF, S.A. | Electricity | E.M. | 100.00 | 100.00 | 0.1 | 0.6 | 0.7 | — | 1.3 | ||||||||||||||||
Repsol YPF Trading y Transportes, S.A. (RYTTSA) |
Spain | Repsol YPF, S.A. | Repsol Petróleo, S.A. | Trading of oil products | F.C. | 99.99 | 100.00 | 0.1 | 31.1 | 49.7 | — | 80.9 | ||||||||||||||||
RYTTSA Singapur |
Cayman Islands |
Repsol YPF Trading y Transportes, S.A. | Trading of oil products | F.C. | 99.99 | 100.00 | 0.1 | — | (0.7 | ) | — | (0.6 | ) | |||||||||||||||
Repsol Overzee Finance, B.V. |
Netherlands | Repsol YPF, S.A. | Portfolio company | F.C. | 100.00 | 100.00 | 0.0 | (14.4 | ) | (8.9 | ) | — | (23.2 | ) | ||||||||||||||
Atlantic 2/3 Holdings, Llc. |
Trinidad & Tobago |
Repsol Overzee Finance, B.V. | Portfolio company | P.C. | 25.00 | 25.00 | 117.6 | 29.4 | ||||||||||||||||||||
Atlantic LNG 2/3 Company of Trinidad & Tobago |
Trinidad & Tobago |
Atlantic 2/3 Holdings, Llc. |
Gas supply and logistics |
P.C. | 25.00 | 100.00 | 117.6 | 69.5 | 70.4 | — | 64.4 | |||||||||||||||||
Atlantic 4 Holdings, Llc. |
Trinidad & Tobago |
Repsol Overzee Finance, B.V. | Portfolio company | E.M. | 22.22 | 22.22 | 203.7 | 45.3 | ||||||||||||||||||||
Atlantic 4 LNG Company of Trinidad & Tobago |
Trinidad & Tobago |
Atlantic 4 Holdings, Llc. | Construction of liquefaction plant | P.C. | 22.22 | 100.00 | 203.7 | — | (4.5 | ) | 44.3 | |||||||||||||||||
Repsol LNG T & T, Ltd. |
Trinidad & Tobago |
Repsol Overzee Finance, B.V. | Marketing of natural gas | F.C. | 100.00 | 100.00 | 4.3 | (1.5 | ) | (2.7 | ) | — | 0.1 | |||||||||||||||
Repsol LNG, S.L. |
Spain | Repsol YPF, S.A. | Atlantic LNG 4 Company of Trinidad & Tobago, Ultd. | Marketing of gas | F.C. | 100.00 | 100.00 | 0.1 | — | (5.4 | ) | — | (5.3 | ) | ||||||||||||||
Gastream México S.A. de C.V. |
Mexico | Repsol YPF, S.A. | Repsol LNG, S.L. | Other | F.C. | 100.00 | 100.00 | 4.6 | (1.0 | ) | (2.4 | ) | — | 1.2 | ||||||||||||||
Pacific LNG Bolivia S.R.L. |
Bolivia | Repsol YPF, S.A. | Oil and gas exploration and production | E.M. | 37.50 | 37.50 | 1.2 | (0.9 | ) | (0.3 | ) | — | (0.00 | ) | ||||||||||||||
Repsol Comercializadora de Gas, S.A. |
Spain | Repsol YPF, S.A. | Repsol Petróleo, S.A. | Marketing of natural gas | F.C. | 100.00 | 100.00 | 0.4 | (0.3 | ) | 0.7 | — | 0.8 | |||||||||||||||
Repsol Butano, S.A. |
Spain | Repsol YPF, S.A. | Repsol Petróleo, S.A. | L.P.G. marketing | F.C. | 100 | 100 | 58.7 | 240.0 | 81.5 | — | 380.2 | ||||||||||||||||
Repsol Maroc |
Morocco | Repsol Butano, S.A. | Marketing of gas | E.M. | 100 | 100 | 1.4 | (1.7 | ) | (0.3 | ) | — | (0.6 | ) | ||||||||||||||
National Gaz |
Morocco | Repsol Maroc | L.P.G. marketing | E.M. | 100.00 | 100 | 0.5 | 1.1 | 0.4 | — | 2.0 | |||||||||||||||||
Repsol YPF Gas, S.A. |
Argentina | Repsol Butano, S.A. | L.P.G. marketing | F.C. | 85 | 85 | 22.5 | 5.5 | 5.5 | — | 28.5 | |||||||||||||||||
Comsergas, Compañía Servicios Industriales de Gas Licuado, S.A. |
Argentina | Repsol YPF Gas, S.A. | Gas installation work | F.C. | 52.70 | 62.00 | 0.6 | 0.1 | (0.2 | ) | — | 0.3 | ||||||||||||||||
Gas Austral, S.A. |
Argentina | Repsol YPF Gas, S.A. | L.P.G. marketing | E.M. | 42.50 | 50.00 | — | 0.7 | 0.2 | — | 0.4 | |||||||||||||||||
Mejorgas, S.A. |
Argentina | Repsol YPF Gas, S.A. | Poligas Luján, S.A. | Marketing of natural gas | E.M. | 75.73 | 75.73 | — | (0.5 | ) | (0.1 | ) | — | (0.5 | ) | |||||||||||||
Duragas, S.A. |
Ecuador | Repsol Butano, S.A. | L.P.G. marketing | F.C. | 100 | 100 | 6.2 | 6.2 | 3.6 | — | 16.0 | |||||||||||||||||
Autogas, S.A. |
Ecuador | Duragas, S.A. | L.P.G. marketing | F.C. | 100 | 100 | 1.1 | (0.3 | ) | — | — | 0.8 | ||||||||||||||||
Servicio de Mantenimiento y Personal—SEMAPESA |
Ecuador | Repsol Butano, S.A. | Maintenance and personnel services |
F.C. | 100 | 100 | — | 0.4 | (0.2 | ) | — | 0.2 | ||||||||||||||||
Repsol Butano Portugal R.B., S.A. |
Repsol Butano, S.A. | L.P.G. marketing | F.C. | 100 | 100 | 0.8 | 21.8 | 7.4 | — | 30.0 |
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Name |
Country |
Parent |
Other Shareholders(1) |
Line of Business |
Consolidation |
% of Total Ownership |
Amount in Millions of Euros |
|||||||||||||||||||||
% of Direct Ownership |
% of Control |
Share Capital |
Reserves |
2005 Income (Loss) |
Interim Dividend |
Assets Owned(2) |
||||||||||||||||||||||
Spelta Soc. Unipessoal Lda. |
Portugal | Repsol Butano Portugal R.B., S.A. | L.P.G. marketing | E.M. | 100 | 100 | 0.1 | — | 0.4 | — | 0.5 | |||||||||||||||||
Saaga, S.A. |
Portugal | Repsol Butano Portugal R.B., S.A. | L.P.G. marketing | E.M. | 25.07 | 25.07 | 1.0 | 4.3 | 0.5 | — | 1.5 | |||||||||||||||||
Repsol Butano Chile, S.A. |
Chile | Repsol Butano, S.A. | Repsol YPF Gas de Chile, S.A. | Portfolio company | F.C. | 100 | 100 | 121.2 | 9.3 | 13.2 | — | 143.7 | ||||||||||||||||
Repsol YPF Gas Chile, Ltda. |
Chile | Repsol Butano Chile, S.A. | OPESSA | Portfolio company | F.C. | 100 | 100 | 167.2 | (1.4 | ) | 13.4 | — | 179.2 | |||||||||||||||
Empresas Lipigas, S.A. |
Chile | Repsol YPF Gas Chile, Ltda. | L.P.G. marketing | P.C. | 45.00 | 45.00 | 87.9 | (2.6 | ) | 36.1 | (17.4 | ) | 46.8 | |||||||||||||||
Repsol YPF Comercial del Perú, S.A. |
Peru | Repsol Butano, S.A. | L.P.G. marketing | F.C. | 99.61 | 99.61 | 48.2 | (12.4 | ) | 4.0 | — | 39.6 | ||||||||||||||||
Limagás, S.A. |
Peru | Repsol YPF Comercial Perú, S.A. | L.P.G. distribution | E.M. | 29.85 | 29.97 | 4.0 | 5.0 | 0.2 | — | 2.7 | |||||||||||||||||
Repsol YPF Comercial de la Amazonia, SAC |
Peru | Repsol YPF Comercial Perú, S.A. | Grupo Repsol YPF del Perú | L.P.G. distribution | F.C. | 99.61 | 100 | 1.0 | (0.3 | ) | (0.2 | ) | — | 0.5 | ||||||||||||||
Repsol YPF GLP de Bolivia, S.A. |
Bolivia | Repsol Butano, S.A. | R. YPF E&P de Bolivia, S.A./R. YPF Bolivia, S.A. |
L.P.G. marketing | F.C. | 100.00 | 100 | 2.1 | 9.3 | (1.6 | ) | — | 9.8 | |||||||||||||||
Repsol YPF Gas de Bolivia, S.A. |
Bolivia | Repsol YPF GLP de Bolivia S.A. | Repsol YPF E&P S.A. | L.P.G. marketing | F.C. | 51.00 | 51 | 1.6 | 3.0 | 0.9 | — | 2.8 | ||||||||||||||||
Repsol France |
France | Repsol Butano, S.A. | Repsol Química, S.A./Repsol YPF, S.A./Repsol Petróleo,S.A. | Distribution and marketing of oil products | F.C. | 100 | 100 | 11.9 | (0.3 | ) | (0.7 | ) | — | 10.9 | ||||||||||||||
Repsol Gas Brasil, S.A. |
Brazil | Repsol Butano, S.A. | Repsol YPF Brasil, S.A. | L.P.G. marketing | F.C. | 100 | 100 | 1.9 | (0.8 | ) | (1.3 | ) | — | (0.2 | ) | |||||||||||||
Repsol Portugal Gas de Petróleo Liquefeito, S.A. |
Portugal | Repsol Butano, S.A. | R. YPF Lubricantes y Especialidades |
L.P.G. distribution and marketing | F.C. | 100 | 100 | 0.1 | 10.6 | — | — | 10.7 | ||||||||||||||||
Solgas Distribuidora de Gas, S.L. |
Spain | Repsol Butano, S.A. | Repsol Comercial de Productos Petrolíferos, S.A. | L.P.G. marketing | F.C. | 100 | 100 | 1.1 | (0.4 | ) | — | — | 0.7 | |||||||||||||||
Vía Red Servicios Logísticos, S.A. |
Spain | Repsol Butano, S.A. | Natural gas supply and logistics | E.M. | 51 | 51 | 2.5 | (1.1 | ) | (0.3 | ) | — | 0.6 | |||||||||||||||
Energy Infraestructure Asia, B.V. |
Netherlands | Repsol Butano, S.A. | Portfolio company | P.C. | 51.00 | 51 | 12.1 | 26.9 | (2.8 | ) | — | 18.5 | ||||||||||||||||
Energy Infraestructure India, Ltd. |
India | Energy Infraestructure Asia, B.V. | L.P.G. marketing | P.C. | 51.00 | 100 | 18.4 | (2.4 | ) | (2.6 | ) | — | 6.8 | |||||||||||||||
Repsol Comercial de Productos Petrolíferos, S.A. |
Spain | Repsol Petróleo, S.A. | Repsol YPF, S.A./PETRONOR | Marketing of oil products | F.C. | 96.64 | 97 | 334.8 | 522.2 | 107.5 | (31.6 | ) | 901.6 | |||||||||||||||
Gasóleos y Lubricantes, GASOLUBE, S.A. |
Spain | Repsol Comercial de Productos Petrolíferos, S.A. | Campsa Estaciones de Servicio, S.A.—CAMPSARED | Distribution and marketing of oil products | F.C. | 96.65 | 100 | 0.1 | (0.1 | ) | 0.1 | 0.1 | ||||||||||||||||
Gasolube Noroeste, S.A. |
Spain | Repsol Comercial de Productos Petrolíferos, S.A. | Campsa Estaciones de Servicio, S.A.—CAMPSARED | Distribution and marketing of oil products | F.C. | 96.65 | 100 | 0.1 | 0.2 | 0.4 | 0.7 | |||||||||||||||||
Gasolube Andalucía, S.L. |
Spain | Repsol Comercial de Productos Petrolíferos, S.A. | Campsa Estaciones de Servicio, S.A.—CAMPSARED | Distribution and marketing of oil products | F.C. | 96.65 | 100 | — | (0.1 | ) | 0.6 | 0.5 | ||||||||||||||||
Gasolube Castilla y León, S.L. |
Spain | Repsol Comercial de Productos Petrolíferos, S.A. | Campsa Estaciones de Servicio, S.A.—CAMPSARED | Distribution and marketing of oil products | F.C. | 96.65 | 100 | — | (0.2 | ) | 0.1 | (0.1 | ) | |||||||||||||||
Campsa Estaciones de Servicio, S.A.—CAMPSARED |
Spain | Repsol Comercial de Productos Petrolíferos, S.A. |
Repsol Petróleo, S.A. | Operation and management of service stations | F.C. | 96.64 | 100 | 8.4 | 18.0 | 29.8 | (20.0 | ) | 35.0 | |||||||||||||||
Societat Catalana de Petrolis, S.A. (PETROCAT) |
Spain | Repsol Comercial de Productos Petrolíferos, S.A. |
Repsol Petróleo, S.A. | Distribution and marketing of oil products | E.M. | 43.71 | 45.00 | 15.2 | (5.8 | ) | 0.2 | 4.2 | ||||||||||||||||
Air Miles España, S.A. |
Spain | Repsol Comercial de Productos Petrolíferos, S.A. | Loyalty building programs | E.M. | 21.75 | 22.50 | 0.1 | 1.0 | 0.5 | — | 0.3 | |||||||||||||||||
Carburants i Derivats, S.A. (CADESA) |
Andorra | Repsol Comercial de Productos Petrolíferos, S.A. |
Distribution of oil by-products | E.M. | 32.14 | 33.25 | 0.1 | 0.7 | 0.7 | — | 0.5 | |||||||||||||||||
Hinia, S.A. |
Spain | Repsol Comercial de Productos Petrolíferos, S.A. | Repsol YPF Lubricantes y Especialidades, S.A. | Distribution and marketing of oil products | F.C. | 96.67 | 100 | 0.6 | 2.5 | (0.2 | ) | 2.8 | ||||||||||||||||
Autoclub Repsol S.L. |
Spain | Repsol Comercial de Productos Petrolíferos, S.A. | Automotive services | F.C. | 48.42 | 50.1 | 3.6 | (1.2 | ) | 2.1 | 2.2 | |||||||||||||||||
Euro 24, S.L. |
Spain | Autoclub Repsol S.L. | Automotive services | F.C. | 48.42 | 100 | — | 0.2 | 0.7 | — | 0.4 | |||||||||||||||||
Autoclub Repsol Servicios S.L. |
Spain | Autoclub Repsol S.L. | Automotive services | F.C. | 48.42 | 100 | — | 0.1 | 0.1 | — | 0.1 | |||||||||||||||||
Autoclub Repsol Correduría de Seguros S.L. |
Spain | Autoclub Repsol S.L. | Insurance brokerage | F.C. | 48.42 | 100 | — | 0.3 | 2.1 | — | 1.2 | |||||||||||||||||
Noroil, S.A. |
Spain | Repsol Comercial de Productos Petrolíferos, S.A. | PETRONOR | Distribution and marketing of oil products | F.C. | 67.66 | 70 | 1.5 | 0.6 | 0.3 | 1.6 |
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Name |
Country |
Parent |
Other Shareholders(1) |
Line of Business |
Consolidation |
% of Total Ownership |
Amount in Millions of Euros |
|||||||||||||||||||||
% of Direct Ownership |
% of Control |
Share Capital |
Reserves |
2005 Income (Loss) |
Interim Dividend |
Assets Owned(2) |
||||||||||||||||||||||
Solred, S.A. |
Spain | Repsol Comercial de Productos Petrolíferos, S.A. | Repsol YPF, S.A. | Management of means of payment at service stations | F.C. | 96.65 | 100 | 7.3 | 6.5 | 14.6 | 27.4 | |||||||||||||||||
Gestión de Puntos de Venta, Gespevesa, S.A. |
Spain | Repsol Comercial de Productos Petrolíferos, S.A. |
Management of service stations | P.C. | 48.33 | 50 | 15.4 | 3.2 | 0.4 | — | 9.2 | |||||||||||||||||
Terminales Canarios, S.L. |
Spain | Repsol Comercial de Productos Petrolíferos, S.A. | Storage and distribution of oil products | P.C. | 48.33 | 50 | 20.8 | 1.3 | 1.1 | — | 11.2 | |||||||||||||||||
Compañía Logística de Hidrocarburos CLH, S.A. |
Spain | Repsol YPF, S.A. | PETRONOR | Transport and storage of oil products |
E.M. | 24.25 | 25 | 0.1 | 0.2 | 0.1 | (0.1 | ) | 0.1 | |||||||||||||||
CLH Aviación, S.A. |
Spain | CLH, S.A. | Transport and storage of oil products | F.C.(3) | 100.00 | 100 | 31.7 | 16.9 | 9.9 | — | 58.5 | |||||||||||||||||
Carbon Black Española, S.A. (CARBESA) |
Spain | Repsol YPF, S.A. | No activity | F.C. | 100.00 | 100 | 0.2 | (0.1 | ) | (3.5 | ) | (3.4 | ) | |||||||||||||||
Repsol Company of Portugal Ltd. |
Portugal | Repsol YPF, S.A. | Carbon Black Española, S.A. (CARBESA) |
Marketing of oil products | F.C. | 100.00 | 100 | 0.2 | 2.5 | 0.4 | 3.1 | |||||||||||||||||
Repsol Portuguesa, A.A. |
Portugal | Repsol YPF, S.A. | Carbon Black Española, S.A. (CARBESA) | Distribution and marketing of oil products | F.C. | 100.00 | 100 | 59.0 | 176.0 | (13.9 | ) | — | 221.1 | |||||||||||||||
Concha I—Combustiveis e Lubrificantes, Lda |
Portugal | Repsol Portuguesa, A.A. | Distribution and marketing of oil products |
F.C. | 51.00 | 51 | — | — | 0.1 | 0.1 | ||||||||||||||||||
Gespost |
Portugal | Repsol Portuguesa, A.A. | Marketing of oil products | F.C. | 99.67 | 100 | — | — | 0.3 | 0.3 | ||||||||||||||||||
Caiageste—Gestao de Areas de Servicios Ltda. |
Portugal | Gespost | Operation and management of service stations |
E.M. | 50.00 | 50 | — | 0.3 | — | 0.1 | ||||||||||||||||||
Parmad—SGPS, S.A. |
Portugal | Repsol Butano Portugal R.B., S.A. | Repsol Portuguesa, A.A. | Portfolio company | E.M. | 100.00 | 100 | 0.1 | — | — | — | 0.1 | ||||||||||||||||
Tecnicontrol y Gestión Integral, S.L. |
Spain | Repsol YPF, S.A. | Repsol Exploración, S.A. | Property development | F.C. | 100 | 100 | 3.5 | 28.0 | 0.3 | — | 31.8 | ||||||||||||||||
Bahía Bizkaia Electricidad, S.L. |
Spain | Repsol YPF, S.A. | Energy production | P.C. | 25 | 25 | 3.6 | 38.4 | 102.7 | — | 36.2 | |||||||||||||||||
Bahía Bizkaia Gas, S.L. |
Spain | Repsol YPF, S.A. | Maintenance of regasification plants | P.C. | 25 | 25 | 3.6 | 21.6 | 11.4 | — | 9.2 | |||||||||||||||||
Petróleos del Norte, S.A. (PETRONOR) |
Spain | Repsol YPF, S.A. | Refining | F.C. | 85.98 | 85.98 | 120.5 | 314.7 | 314.4 | (100.1 | ) | 558.4 | ||||||||||||||||
Asfalnor, S.A. |
Spain | PETRONOR | Distribution and marketing of asphalt products | F.C. | 85.98 | 100 | 0.1 | — | 0.1 | — | 0.2 | |||||||||||||||||
Repsol Exploración, S.A. |
Spain | Repsol YPF, S.A. | Repsol Petróleo, S.A. | Oil and gas exploration and production | F.C. | 100 | 100 | 24.6 | 504.7 | 395.3 | — | 924.6 | ||||||||||||||||
Repsol Exploración Trinidad, S.A. |
Spain | Repsol Exploración, S.A. | Repsol YPF, S.A. | Oil and gas exploration and production |
F.C. | 100 | 100 | 1.8 | 12.2 | 0.2 | — | 14.2 | ||||||||||||||||
Repsol YPF Cuba, S.A. |
Spain | Repsol Exploración, S.A. | Repsol YPF, S.A. | Oil and gas exploration and production | F.C. | 100 | 100 | 1.9 | (0.7 | ) | (5.3 | ) | — | (4.0 | ) | |||||||||||||
Repsol Exploración Colombia, S.A. |
Spain | Repsol Exploración, S.A. | Repsol YPF, S.A. | Oil and gas exploration and production |
F.C. | 100 | 100 | 1.9 | (0.7 | ) | (9.5 | ) | — | (8.2 | ) | |||||||||||||
Repsol Exploración Argelia, S.A. |
Spain | Repsol Exploración, S.A. | Repsol YPF, S.A. | Oil and gas exploration and production |
F.C. | 100 | 100 | 4.0 | 201.8 | 60.3 | — | 266.1 | ||||||||||||||||
Repsol Exploración Murzuq, S.A. |
Spain | Repsol Exploración, S.A. | Repsol YPF, S.A. | Oil and gas exploration and production |
F.C. | 100 | 100 | 7.8 | 299.3 | 332.8 | — | 639.9 | ||||||||||||||||
Repsol Oil Operations AG |
Libya | Repsol Exploración Murzuq, S.A. | Oil and gas exploration and production | F.C. | 100.00 | 100.00 | 0.1 | 0.8 | 0.2 | — | 1.1 | |||||||||||||||||
Repsol Inco AG |
Switzerland | Repsol Exploración Murzuq, S.A. | Oil and gas exploration and production | E.M. | 40.00 | 40.00 | 0.1 | 0.3 | — | — | 0.1 | |||||||||||||||||
Repsol YPF Ecuador, S.A. |
Spain | Repsol Exploración, S.A. | Repsol Petróleo, S.A. | Oil and gas exploration and production | F.C. | 100 | 100 | 4.7 | 15.9 | (144.8 | ) | — | (124.2 | ) | ||||||||||||||
Repsol YPF OCP de Ecuador, S.A. |
Spain | Repsol YPF Ecuador, S.A. | Repsol Exploración Tobago, S.A. | Portfolio company | F.C. | 100 | 100 | 0.1 | 2.0 | 14.8 | — | 16.9 | ||||||||||||||||
Oleoducto de Crudos Pesados, Ltd. |
Cayman Islands |
Repsol YPF OCP de Ecuador, S.A. |
Other | E.M. | 29.66 | 29.66 | 84.8 | (13.3 | ) | 14.1 | 25.4 |
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Name |
Country |
Parent |
Other Shareholders(1) |
Line of Business |
Consolidation |
% of Total Ownership |
Amount in Millions of Euros |
|||||||||||||||||||||
% of Direct Ownership |
% of Control |
Share Capital |
Reserves |
2005 Income (Loss) |
Interim Dividend |
Assets Owned(2) |
||||||||||||||||||||||
Repsol Exploración Securé, S.A. |
Spain | Repsol Exploración, S.A. | Repsol YPF, S.A. | Oil and gas exploration and production |
F.C. | 100 | 100 | 1.9 | (0.6 | ) | 0.1 | — | 1.4 | |||||||||||||||
Repsol Exploración Perú, S.A. |
Spain |
Repsol Exploración, S.A. |
Repsol YPF, S.A. |
Oil and gas exploration and production |
F.C. |
100 |
100 |
0.7 |
(0.2 |
) |
15.0 |
|
— | 15.5 | ||||||||||||||
Perú LNG Company, Llc. |
Peru | Repsol Exploración Perú, S.A. | Liquification | E.M. | 20 | 20 | 47.6 | (9.1 | ) | (7.7 | ) | 6.2 | ||||||||||||||||
TGP, S.A. |
Peru | Repsol Exploración Perú, S.A. | Transmissions through gas pipelines | E.M. | 10 | 10 | 175.9 | (13.9 | ) | 20.1 | 18.2 | |||||||||||||||||
Repsol YPF Oriente Medio, S.A. |
Spain | Repsol Exploración, S.A. | Repsol YPF, S.A. | Oil and gas exploration and production |
F.C. | 100 | 100 | 0.2 | (0.1 | ) | (8.9 | ) | — | (8.8 | ) | |||||||||||||
Repsol Exploración México S.A. de C.V. |
Mexico | Repsol Exploración, S.A. | Oil and gas exploration and production | F.C. | 100 | 100 | 18.8 | (1.0 | ) | 16.8 | — | 34.7 | ||||||||||||||||
Servicios Administrativos Cuenca de Burgos S.A. de C.V. |
Mexico | Repsol Exploración, S.A. | Oil and gas exploration and production |
F.C. | 100 | 100 | — | — | 0.1 | — | 0.1 | |||||||||||||||||
Repsol Exploración Kazakhstán, S.A. |
Spain | Repsol Exploración, S.A. | Repsol YPF, S.A. | Oil and gas exploration and production |
F.C. | 100 | 100 | 0.2 | (0.1 | ) | (1.8 | ) | — | (1.7 | ) | |||||||||||||
Repsol Exploración Tobago, S.A. |
Spain | Repsol Exploración, S.A. | Repsol YPF, S.A. | Oil and gas exploration and production |
F.C. | 100 | 100 | 0.2 | (0.1 | ) | (0.8 | ) | — | (0.7 | ) | |||||||||||||
Repsol YPF Eléctrica de Brasil, S.A. |
Spain | Repsol Exploración, S.A. | Repsol YPF, S.A. | Oil and gas exploration and production | F.C. | 100 | 100 | 0.2 | 0.9 | * | — | |||||||||||||||||
Repsol Exploración Azerbaiyan, S.A. |
Spain | Repsol Exploración, S.A. | Repsol YPF, S.A. | Oil and gas exploration and production |
F.C. | 100 | 100 | 0.1 | 0.1 | — | — | 0.2 | ||||||||||||||||
Repsol Exploración Sierra Leona, S.L. |
Spain | Repsol Exploración, S.A. | Repsol Exploración Tobago, S.A. |
Oil and gas exploration and production | F.C. | 100 | 100 | 2.8 | (1.4 | ) | (1.4 | ) | — | 0.1 | ||||||||||||||
Repsol Exploración Suriname, S.L. |
Spain | Repsol Exploración, S.A. | Repsol Exploración Tobago, S.A. | Oil and gas exploration and production |
F.C. | 100 | 100 | — | — | (5.4 | ) | — | (5.4 | ) | ||||||||||||||
Termobarrancas, C.A. |
Venezuela | Repsol Exploración, S.A. | Oil and gas exploration and production | F.C. | 51 | 51 | 6.0 | — | (1.1 | ) | 2.5 | |||||||||||||||||
Repsol Exploración Venezuela, B.V. |
Netherlands | Repsol Exploración, S.A. | Portfolio company | F.C. | 100 | 100 | 246.5 | (132.3 | ) | (34.2 | ) | — | 80.1 | |||||||||||||||
Calio LLC |
Venezuela | Repsol Exploración Venezuela, B.V. | Oil and gas exploration and production | F.C. | 100 | 100 | 17.6 | — | — | — | 17.6 | |||||||||||||||||
Repsol YPF Venezuela, S.A. |
Venezuela |
Repsol Exploración Venezuela, B.V. |
Oil and gas exploration and production |
F.C. |
100 |
100 |
13.9 |
198.6 |
|
(157.7 |
) |
— |
|
54.8 |
| |||||||||||||
Repsol YPF Venezuela Gas |
Venezuela |
Repsol YPF Venezuela, S.A. |
Oil and gas exploration and production |
F.C. |
100 |
100 |
— |
— |
|
0.4 |
|
— |
|
0.4 |
| |||||||||||||
Repsol Exploración Guinea, S.A. |
Spain | Repsol Exploración, S.A. | Repsol YPF, S.A. | Oil and gas exploration and production |
F.C. | 100 | 100 | 0.1 | 16.1 | (14.2 | ) | 1.9 | ||||||||||||||||
BPRY Caribbean Ventures LLC |
Trinidad & Tobago |
Repsol Exploración, S.A. | Portfolio company | P.C. | 30.00 | 30.00 | 1,033.5 | (1,256.9 | ) | 366.1 | — | 42.8 | ||||||||||||||||
BP Amoco Trinidad & Tobago |
Trinidad & |
BPRY Caribbean Ventures LLC |
Oil and gas exploration and production |
P.C. | 30.00 | 100 | 142.7 | 113.5 | 505.5 | (337.8 | ) | 127.1 | ||||||||||||||||
Dubai Marine Areas, Ltd. (DUMA) |
UK | Repsol Exploración, S.A. | Oil and gas exploration and production |
P.C. | 50.00 | 50.00 | 0.1 | 134.6 | 0.6 | 67.6 | ||||||||||||||||||
Repsol Investigaciones Petrolíferas, S.A. |
Spain |
Repsol Exploración, S.A. |
Oil and gas exploration and production |
F.C. |
100 |
100 |
225.9 |
312.3 |
|
17.0 |
|
555.2 |
| |||||||||||||||
EniRepsa Gas Limited |
Saudi Arabia |
Repsol Exploración, S.A. | Gas supply and logistics | E.M. | 30.00 | 30.00 | 27.9 | (4.7 | ) | (28.1 | ) | — | (1.5 | ) |
4
Page 5
Name |
Country |
Parent |
Other Shareholders(1) |
Line of Business |
Consolidation |
% of Total Ownership |
Amount in Millions of Euros |
||||||||||||||||||||||
% of Direct Ownership |
% of Control |
Share Capital |
Reserves |
2005 Income (Loss) |
Interim Dividend |
Assets Owned(2) |
|||||||||||||||||||||||
Repsol E&P USA |
US | Repsol Exploración, S.A. | Oil and gas exploration and production | F.C. | 100.00 | 100.00 | — | — | (8.0 | ) | — | (8.0 | ) | ||||||||||||||||
Repsol Energy North America Corp. |
US | Repsol Exploración, S.A. | L.N.G. marketing | F.C. | 100.00 | 100.00 | — | — | (0.3 | ) | — | (0.3 | ) | ||||||||||||||||
Repsol YPF Perú, BV |
Netherlands | Repsol YPF, S.A. | Portfolio company | F.C. | 100 | 100 | 0.1 | 0.1 | 0.00 | — | 0.2 | ||||||||||||||||||
Grupo Repsol YPF del Perú, S.A.C. |
Peru | Repsol YPF Perú, B.V. | Portfolio company | F.C. | 100 | 100 | 0.0 | — | 0.00 | — | 0.0 | ||||||||||||||||||
Refinería La Pampilla, S.A. |
Peru | Repsol YPF Perú, B.V. | Refining | F.C. | 51.03 | 51.03 | 0.1 | 0.0 | 0.08 | — | 0.1 | ||||||||||||||||||
Repsol Comercial, S.A.C. |
Peru | Repsol YPF Perú, B.V. | Marketing of fuels | F.C. | 100 | 100 | 0.0 | (0.0 | ) | -0.01 | — | 0.0 | |||||||||||||||||
Repsol YPF Comercial del Ecuador, S.A. |
Ecuador | Repsol YPF, S.A. | Marketing of oil and gas | F.C. | 100 | 100 | 0.1 | (0.0 | ) | 0.00 | — | 0.1 | |||||||||||||||||
Combustibles Industriales Oil Trader, S.A. |
Ecuador | Repsol YPF Comercial Ecuador, S.A. | Marketing of oil and gas | F.C. | 100 | 100 | 0.0 | (0.0 | ) | 0.00 | — | 0.0 | |||||||||||||||||
Repsol International Finance B.V. |
Netherlands | Repsol YPF, S.A. | Finance and holding company | F.C. | 100.00 | 100.00 | 279.6 | 723.2 | 151.2 | 1,154.0 | |||||||||||||||||||
Repsol LNG Port of Spain, BV |
Netherlands | Repsol International Finance, B.V. | Portfolio company | F.C. | 100.00 | 100.00 | 0.0 | 101.4 | 47.4 | — | 148.9 | ||||||||||||||||||
Atlantic 1 Holdings, LLC |
Trinidad & Tobago |
Repsol LNG Port of Spain, BV | Portfolio company | E.M. | 20.00 | 20.00 | 206.0 | 242.4 | (242.4 | ) | 41.2 | ||||||||||||||||||
Atlantic LNG Co. of Trinidad & Tobago |
Trinidad & Tobago |
Atlantic 1 Holdings, LLC | Gas supply and logistics | F.C. | (4) | 20.00 | 100.00 | 206.0 | 141.8 | 323.2 | (242.4 | ) | 85.7 | ||||||||||||||||
Repsol International Capital |
Cayman Islands |
Repsol International Finance, B.V. | Finance and holding company | F.C. | 100.00 | 100.00 | 0.7 | (221.0 | ) | (12.0 | ) | (232.3 | ) | ||||||||||||||||
Repsol Investeringen, BV |
Netherlands | Repsol International Finance, B.V. | Portfolio company | F.C. | 100.00 | 100.00 | * | * | — | * | |||||||||||||||||||
Repsol Netherlands Finance, BV |
Netherlands | Repsol International Finance, B.V. |
Repsol Investeringen, B.V. |
Finance | F.C. | 100.00 | 100.00 | 1.0 | 49.2 | (32.8 | ) | 17.4 | |||||||||||||||||
Repsol YPF Capital, S.L. |
Spain | Repsol International Finance, B.V. | Repsol YPF, S.A. |
Portfolio company | F.C. | 100.00 | 100.00 | 463.7 | 16.6 | 95.7 | 576.0 | ||||||||||||||||||
Caveant, S.A. |
Argentina | Repsol YPF Capital, S.L. | Repsol YPF, S.A. |
Investment company | F.C. | 100 | 100 | 9.5 | 0.6 | 20.1 | — | 30.1 | |||||||||||||||||
Gaviota RE |
Luxembourg | Repsol International Finance, B.V. | Repsol Investeringen, B.V. |
Reinsurance | F.C. | 100.00 | 100.00 | 5.1 | (1.8 | ) | 3.3 | ||||||||||||||||||
Repsol (UK) Ltd. |
UK | Repsol International Finance, B.V. | Repsol Investeringen, B.V. |
In liquidation | E.M. | 100.00 | 100.00 | 20.3 | (18.9 | ) | (0.2 | ) | 1.2 | ||||||||||||||||
Repsol Canada Ltd. |
Canada | Repsol International Finance, B.V. | L.N.G. regasification | F.C. | 100.00 | 100.00 | — | — | — | — | — | ||||||||||||||||||
Repsol Canada LNG, Ltd. |
Canada | Repsol International Finance, B.V. | L.N.G. regasification | F.C. | 100.00 | 100.00 | — | — | (6.0 | ) | — | (6.0 | ) | ||||||||||||||||
Repsol Energy Canada, Ltd. |
Canada | Repsol International Finance, B.V. | L.N.G. marketing | F.C. | 100.00 | 100.00 | — | — | (0.9 | ) | — | (0.9 | ) | ||||||||||||||||
Repsol Occidental Corporation |
US | Repsol International Finance, B.V. |
Oil and gas exploration and production |
P.C. | 25.00 | 25.00 | 0.3 | 24.2 | 117.8 | (93.3 | ) | 12.3 | |||||||||||||||||
Repsol Química, S.A. |
Spain | Repsol YPF, S.A. | Repsol Petróleo, S.A. |
Production and sale of petrochemicals | F.C. | 100.00 | 100.00 | 60.5 | (20.1 | ) | (24.9 | ) | 15.5 | ||||||||||||||||
Polidux, S.A. |
Spain | Repsol Química, S.A. | Repsol YPF, S.A. |
Production and sale of petrochemicals | F.C. | 99.99 | 100.00 | 17.5 | (5.9 | ) | (1.9 | ) | 9.7 | ||||||||||||||||
Repsol Bronderslev A/S |
Denmark | Repsol Química, S.A. | Production and sale of petrochemicals | F.C. | 100.00 | 100.00 | 3.1 | 5.6 | (0.3 | ) | 8.4 | ||||||||||||||||||
Repsol Polívar, SPA |
Italy | Repsol Bronderslev, A/S | Production and sale of petrochemicals | F.C. | 100.00 | 100.00 | 0.5 | 0.7 | (0.6 | ) | 0.6 | ||||||||||||||||||
General Química, S.A. |
Spain | Repsol Química, S.A. | Repsol Investigaciones Petrolíferas S.A. |
Production and sale of petrochemicals | F.C. | 99.00 | 100.00 | 3.0 | 38.6 | (2.9 | ) | 38.3 | |||||||||||||||||
Cogeneración Gequisa, S.A. |
Spain | General Química, S.A. |
Production of electricity and steam |
E.M. | 39.00 | 39.00 | 1.8 | 1.8 | 0.7 | 1.7 | |||||||||||||||||||
Dynasol Elastómeros, S.A. |
Spain | Repsol Química, S.A. | Production and marketing of chemicals | P.C. | 50.01 | 50.01 | 16.8 | 34.4 | — | — | 25.6 | ||||||||||||||||||
Dynasol Elastómeros, S.A. de C.V. |
Mexico | Repsol Química, S.A. | Production and marketing of chemicals |
E.M. | 49.99 | 50.01 | 58.6 | 3.8 | 5.7 | 34.0 |
5
Page 6
Name |
Country |
Parent |
Other Shareholders(1) |
Line of Business |
Consolidation |
% of Total Ownership |
Amount in Millions of Euros |
|||||||||||||||||||||
% of Direct Ownership |
% of Control |
Share Capital |
Reserves |
2005 Income (Loss) |
Interim Dividend |
Assets Owned(2) |
||||||||||||||||||||||
Dynasol Gestión, S.A. |
Spain | Repsol Química, S.A. | Production of chemicals | E.M. | 50.00 | 50.00 | 0.1 | 0.3 | 0.1 | 0.3 | ||||||||||||||||||
Dynasol LLC |
US | Repsol Química, S.A. | Marketing of petrochemicals | E.M. | 50.00 | 50.00 | — | 2.7 | 1.2 | — | 2.0 | |||||||||||||||||
Repsol Polimeros LDA |
Portugal | Repsol Química, S.A. | Repsol Lusitania, S.L. | Production and sale of petrochemicals | F.C. | 70.00 | 100.00 | 268.3 | 0.4 | 22.3 | 203.7 | |||||||||||||||||
Polymer Technology Inc. |
US | Repsol Química, S.A. | Technology license | E.M. | 70 | 70 | — | — | — | — | — | |||||||||||||||||
Polymed |
Algeria | Repsol Química, S.A. | Production of polyethylene | E.M. | 26.95 | 26.95 | 45.3 | (20.6 | ) | 6.7 | ||||||||||||||||||
Repsol Chemie Deutchland GmbH |
Germany | Repsol Química, S.A. | Marketing of chemicals | E.M. | 100.00 | 100.00 | 0.1 | 0.6 | 0.3 | 1.0 | ||||||||||||||||||
Repsol Lusitania, S.L. |
Spain | Repsol YPF, S.A. | Repsol Química, S.A. | Portfolio company | F.C. | 100.00 | 100.00 | — | (1.0 | ) | — | (1.0 | ) | |||||||||||||||
Repsol Italia, SpA |
Italy | Repsol YPF, S.A. | Marketing of oil products | F.C. | 100.00 | 100.00 | 2.4 | 7.9 | 5.6 | 15.9 | ||||||||||||||||||
Gas Natural SDG, S.A. |
Spain | Repsol YPF, S.A. | Repsol Petróleo, S.A. | Distribution of gas | P.C. | 30.85 | 30.85 | 447.8 | 3,496.1 | 766.5 | (138.8 | ) | 1,410.1 | |||||||||||||||
Sagane, S.A. |
Spain | Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Gas supply | P.C. | 30.85 | 100.00 | 94.8 | 29.0 | 76.3 | — | 61.7 | ||||||||||||||||
Europe Maghreb Pipeline, Ltd. (EMPL) |
UK | Sagane, S.A. | Gas transmission | P.C. | 22.39 | 72.60 | 0.1 | 102.4 | 115.9 | (82.6 | ) | 30.4 | ||||||||||||||||
Metragaz, S.A. |
Morocco | Sagane, S.A. | Gas transmission | P.C. | 22.31 | 72.33 | 3.4 | 1.0 | 1.4 | — | 1.3 | |||||||||||||||||
Gas Natural transporte SDG, S.L. |
Spain | Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Distribution of gas | P.C. | 30.85 | 100.00 | 15.0 | 42.0 | 1.5 | — | 18.0 | ||||||||||||||||
Gas Natural Exploración, S.L. |
Spain | Gas Natural SDG, S.A. | La Energía, S.A. | Gas transmission | P.C. | 30.85 | 100.00 | 6.3 | 0.1 | (0.7 | ) | — | 1.8 | |||||||||||||||
Repsol-Gas Natural LNG |
Spain | Repsol YPF, S.A. | Gas Natural SDG, S.A. | Gas transmission | P.C. | 65.42 | 100.00 | 2.0 | — | (0.4 | ) | — | 1.0 | |||||||||||||||
Gas Natural Soluciones, S.L. |
Spain | Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Marketing of gas | P.C. | 30.85 | 100.00 | 6.2 | 2.0 | 1.3 | — | 2.9 | ||||||||||||||||
Iradia Climatización AIE |
Spain | Gas Natural Soluciones, S.L. | Gas Natural Servicios SDG, S.A. | Energy management | P.C. | 30.85 | 100.00 | 0.3 | 0.1 | — | — | 0.1 | ||||||||||||||||
Kromschroeder, S.A. (3) |
Spain | Gas Natural SDG, S.A. | Meters | E.M. | 13.12 | 42.52 | 0.7 | 10.5 | (0.2 | ) | — | 1.4 | ||||||||||||||||
Natural Energy, S.A. |
Argentina | Kromschroeder, S.A. | La Propagadora del Gas, S.A. | Marketing of gas | P.C. | 15.38 | 72.00 | — | 0.2 | 1.4 | — | 0.2 | ||||||||||||||||
Gas Natural Castilla y León, S.A. |
Spain | Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Distribution of gas | P.C. | 27.79 | 90.10 | 6.3 | 78.4 | 17.0 | — | 28.3 | ||||||||||||||||
Gas Natural Castilla La Mancha, S.A. |
Spain | Gas Natural SDG, S.A. | Distribution of gas | P.C. | 29.30 | 95.00 | 26.9 | 15.1 | 1.6 | — | 12.8 | |||||||||||||||||
Gas Natural Distribución SDG, S.A. |
Spain | Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Distribution of gas | P.C. | 30.85 | 100.00 | 101.0 | 997.6 | 61.0 | — | 357.7 | ||||||||||||||||
Gas Natural de Alava, S.A. (3) |
Spain | Gas Natural SDG, S.A. | Distribution of gas | E.M. | 3.08 | 10.00 | 10.3 | 10.3 | 4.3 | — | 0.8 | |||||||||||||||||
Gas Natural Distribución Eléctrica, S.A. |
Spain | Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Electricity distribution | P.C. | 30.85 | 100.00 | 0.1 | (0.1 | ) | (0.2 | ) | — | (0.1 | ) | |||||||||||||
Electra de Abusejo, S.L. |
Spain | Gas Natural Distribución Eléctrica, S.A. | La Propagadora del Gas, S.A. | Electricity distribution | P.C. | 30.85 | 100.00 | 0.1 | — | — | — | 0.0 | ||||||||||||||||
Distribuidora eléctrica Navasfrías, S.L. |
Spain | Gas Natural Distribución Eléctrica, S.A. |
La Propagadora del Gas, S.A. | Electricity distribution | P.C. | 30.85 | 100.00 | 0.2 | — | — | — | 0.1 | ||||||||||||||||
Gas Natural Rioja, S.A. |
Spain | Gas Natural SDG, S.A. | Distribution of gas | P.C. | 26.99 | 87.50 | 2.7 | 8.9 | 2.2 | — | 3.7 | |||||||||||||||||
Gas Navarra, S.A. |
Spain | Gas Natural SDG, S.A. | Distribution of gas | P.C. | 27.76 | 89.99 | 3.6 | 27.1 | 5.2 | — | 10.0 | |||||||||||||||||
Gas Galicia SDG, S.A. |
Spain | Gas Natural SDG, S.A. | Distribution of gas | P.C. | 19.12 | 62.00 | 32.6 | 4.7 | 0.7 | — | 7.3 | |||||||||||||||||
Gas Natural La Coruña, S.A. |
Spain | Gas Galicia SDG, S.A. | Distribution of gas | P.C. | 17.40 | 91.00 | 2.3 | (0.6 | ) | 0.2 | — | 0.3 | ||||||||||||||||
Gas Aragón, S.A. |
Spain | Gas Natural SDG, S.A. | Distribution of gas | E.M. | 10.80 | 35.00 | 5.9 | 16.2 | 8.5 | (3.9 | ) | 2.9 | ||||||||||||||||
La Propagadora del Gas, S.A. |
Spain | Gas Natural SDG, S.A. | Holding Gas Natural, S.A. | Portfolio company | P.C. | 30.85 | 100.00 | 0.2 | 0.9 | 0.3 | — | 0.4 | ||||||||||||||||
Gas Natural Informática, S.A. |
Spain | Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Computer services | P.C. | 30.85 | 100.00 | 19.9 | 3.5 | 1.4 | — | 7.6 | ||||||||||||||||
Gas Natural Andalucía, S.A. |
Spain | Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Distribution of gas | P.C. | 30.85 | 100.00 | 12.4 | 30.7 | 10.6 | — | 16.6 | ||||||||||||||||
Compañía Auxiliar de Industrias Varias, S.A. |
Spain | Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Services | P.C. | 30.85 | 100.00 | 0.3 | 1.7 | (0.3 | ) | — | 0.5 | |||||||||||||||
La Energía, S.A. |
Spain | Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Electricity cogeneration | P.C. | 30.85 | 100.00 | 10.7 | 0.8 | 0.1 | — | 3.6 | ||||||||||||||||
A.I.E. Ciudad Sanitaria Vall d’ Hebrón |
Spain | La Energía, S.A. | Electricity cogeneration | P.C. | 25.06 | 81.25 | 1.7 | 0.2 | (0.1 | ) | — | 0.5 | ||||||||||||||||
Sociedad de Tratamiento Hornillos, S.L. |
Spain | La Energía, S.A. | Electricity cogeneration | P.C. | 24.68 | 80.00 | 1.2 | (0.1 | ) | 1.1 | — | 0.5 | ||||||||||||||||
UTE La Energía-SPA |
Spain | La Energía, S.A. | Electricity cogeneration | P.C. | 18.51 | 60.00 | 1.3 | — | 0.1 | — | 0.3 | |||||||||||||||||
AECS Hospital Trias i Pujol AIE |
Spain | La Energía, S.A. | Electricity cogeneration | P.C. | 15.42 | 50.00 | 0.9 | 0.1 | — | — | 0.2 | |||||||||||||||||
Sociedad de Tratamiento La Andaya, S.L. |
Spain | La Energía, S.A. | Electricity cogeneration | P.C. | 13.88 | 45.00 | 1.1 | 0.2 | 1.0 | — | 0.3 | |||||||||||||||||
AECS Hospital Bellvitge AIE |
Spain | La Energía, S.A. | Electricity cogeneration | P.C. | 15.42 | 50.00 | 0.8 | (0.6 | ) | (0.2 | ) | — | 0.0 | |||||||||||||||
Tratamiento Almazán, S.L. |
Spain | La Energía, S.A. | Electricity cogeneration | P.C. | 27.76 | 90.00 | — | — | — | — | — | |||||||||||||||||
Gas Natural Comercializadora, S.A. |
Spain | Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Retailing of gas and industrial electricity | P.C. | 30.85 | 100.00 | 2.4 | 29.6 | 4.1 | — | 11.1 |
6
Page 7
Name |
Country |
Parent |
Other Shareholders(1) |
Line of Business |
Consolidation |
% of Total Ownership |
Amount in Millions of Euros |
|||||||||||||||||||||
% of Direct Ownership |
% of Control |
Share Capital |
Reserves |
2005 Income (Loss) |
Interim Dividend |
Assets Owned(2) |
||||||||||||||||||||||
Invergas Puerto Rico,S.A. |
Spain | Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Portfolio company | P.C. | 30.85 | 100.00 | 5.1 | (1.0 | ) | (0.6 | ) | — | 1.1 | ||||||||||||||
Buenergía Gas & Power Ltd |
Puerto Rico |
Invergas Puerto Rico,S.A. | Portfolio company | P.C. | 29.30 | 95.00 | 0.1 | (88.1 | ) | (0.6 | ) | — | (26.0 | ) | ||||||||||||||
Ecoeléctrica Holdings Ltd. |
Puerto Rico |
Buenergía Gas & Power Ltd | Portfolio company | P.C. | 14.65 | 50.00 | 63.2 | 12.2 | 8.5 | (20.4 | ) | 9.3 | ||||||||||||||||
Ecoeléctrica Ltd. |
Puerto Rico |
Ecoeléctrica Holdings Ltd. | Portfolio company | P.C. | 14.65 | 100.00 | 0.6 | 0.1 | 0.1 | (0.2 | ) | 0.1 | ||||||||||||||||
Ecoeléctrica LP Ltd. |
Puerto Rico |
Ecoeléctrica Holdings Ltd. | Ecoeléctrica Ltd. | Electricity production | P.C. | 14.65 | 100.00 | 63.2 | 4.8 | 47.2 | (28.6 | ) | 12.7 | |||||||||||||||
Gas Natural Servicios SDG, S.A. |
Spain | Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Retailing of domestic gas and electricity |
P.C. | 30.85 | 100.00 | 2.9 | 2.7 | — | — | 1.7 | ||||||||||||||||
UTE Dalkia GN Servicios |
Spain | Gas Natural Servicios SDG, S.A. | Energy management | P.C. | 15.42 | 50.00 | — | (0.3 | ) | — | — | (0.0 | ) | |||||||||||||||
Gas Natural Electricidad SDG, S.A. |
Spain | Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Electricity production and retailing | P.C. | 30.85 | 100.00 | 33.1 | (0.9 | ) | 0.2 | — | 10.0 | |||||||||||||||
Gas Natural Corporación Eólica, S.L. |
Spain | Gas Natural Electricidad SDG, S.A. | La Energía, S.A. | Wind power production | P.C. | 30.85 | 100.00 | 1.0 | (0.1 | ) | (3.5 | ) | — | (0.8 | ) | |||||||||||||
Sinia XXI, S.A. |
Spain | Gas Natural Corporación Eólica, S.L. | La Propagadora del Gas, S.A. | Wind power production | P.C. | 30.85 | 100.00 | 6.0 | (0.3 | ) | 0.6 | — | 1.9 | |||||||||||||||
Corporación Eólica Zaragoza, S.L. |
Spain | Sinia XXI, S.A. | Wind power production | P.C. | 20.98 | 68.00 | 2.5 | 0.1 | 0.7 | — | 0.7 | |||||||||||||||||
Montouto 2000, S.A. |
Spain | Sinia XXI, S.A. | Wind power production | P.C. | 15.11 | 49.00 | 6.0 | (2.2 | ) | 2.5 | — | 1.0 | ||||||||||||||||
Explotaciones Eólicas Sierra de Utrera |
Spain | Sinia XXI, S.A. | Wind power production | P.C. | 15.42 | 50.00 | 2.7 | 2.4 | 4.5 | — | 1.5 | |||||||||||||||||
Enervent, S.A. (3) |
Spain | Sinia XXI, S.A. | Wind power production | E.M. | 8.02 | 26.00 | 2.4 | 0.4 | 1.7 | — | 0.4 | |||||||||||||||||
Burgalesa de Generación Eólica, S.A. |
Spain | Sinia XXI, S.A. | Wind power production | E.M. | 7.48 | 24.24 | 1.5 | 0.1 | 0.3 | — | 0.1 | |||||||||||||||||
Desarrollo de Energías Renovables, S.A. |
Spain | Gas Natural Corporación Eólica, S.L. | Wind power production | P.C. | 30.85 | 100.00 | 42.3 | 120.9 | 3.9 | — | 51.5 | |||||||||||||||||
Aplicaciones y Proyectos energéticos, S.A. |
Spain | Desarrollo de Energías Renovables, S.A. | Wind power production | P.C. | 30.85 | 100.00 | 0.1 | 0.1 | — | — | 0.1 | |||||||||||||||||
Boreas Eólica, S.A. |
Spain | Desarrollo de Energías Renovables, S.A. | Wind power production | P.C. | 30.70 | 99.52 | 5.2 | 2.5 | 2.4 | — | 3.1 | |||||||||||||||||
Los Castrios, S.A. |
Spain | Boreas Eólica, S.A. | Wind power production | P.C. | 10.23 | 33.33 | 2.2 | — | — | — | 0.2 | |||||||||||||||||
Molinos de Valdebezana, S.A. |
Spain | Boreas Eólica, S.A. | Wind power production | P.C. | 18.42 | 60.00 | 0.1 | — | — | — | 0.0 | |||||||||||||||||
Boreas Eólica 2, S.A. |
Spain | Desarrollo de Energías Renovables, S.A. | Wind power production | P.C. | 27.76 | 90.00 | 2.6 | 2.7 | 1.8 | — | 2.0 | |||||||||||||||||
Desarrollo de Energias Renovables Castilla La Mancha, S.A. |
Spain |
Desarrollo de Energías Renovables, S.A. |
Wind power production |
P.C. |
30.85 |
100.00 |
0.1 |
— |
|
— |
|
— |
|
0.0 |
| |||||||||||||
Desarrollo de Energías Renovables de Navarra, S.A. |
Spain |
Desarrollo de Energías Renovables, S.A. |
Wind power production |
P.C. |
15.42 |
50.00 |
9.9 |
18.1 |
|
7.6 |
|
— |
|
5.5 |
| |||||||||||||
Desarrollo de Energías Renovables de La Rioja, S.A. |
Spain |
Desarrollo de Energías Renovables, S.A. |
Wind power production |
P.C. |
11.18 |
36.25 |
16.5 |
2.4 |
|
5.6 |
|
(1.0 |
) |
2.6 |
| |||||||||||||
Molinos del Cidacos, S.A. |
Spain | Desarrollo de Energías Renovables, S.A. |
Wind power production | P.C. | 15.42 | 50.00 | 10.2 | 3.6 | 9.9 | — | 3.7 | |||||||||||||||||
Molinos de La Rioja, S.A. |
Spain | Desarrollo de Energías Renovables, S.A. |
Wind power production | P.C. | 10.28 | 33.33 | 3.0 | 1.0 | 1.7 | — | 0.6 | |||||||||||||||||
Molinos de Linares, S.A. |
Spain | Molinos de La Rioja, S.A. | Wind power production | P.C. | 7.71 | 75.00 | 1.0 | — | — | — | 0.1 | |||||||||||||||||
Sistemas Energéticos La Muela, S.A. |
Spain | Desarrollo de Energías Renovables, S.A. |
Wind power production | E.M. | 6.17 | 20.00 | 3.1 | 2.5 | 1.8 | — | 0.5 |
7
Page 8
Name |
Country |
Parent |
Other Shareholders(1) |
Line of Business |
Consolidation |
% of Total Ownership |
Amount in Millions of Euros |
|||||||||||||||||||||
% of Direct Ownership |
% of Control |
Share Capital |
Reserves |
2005 Income (Loss) |
Interim Dividend |
Assets Owned(2) |
||||||||||||||||||||||
Sistemas Energéticos Mas Garullo, S.A. |
Spain | Desarrollo de Energías Renovables, S.A. |
Wind power production | E.M. | 5.55 | 18.00 | 1.5 | 1.4 | 1.5 | — | 0.2 | |||||||||||||||||
Energy way Produçao de energía, LDA |
Portugal |
Gas Natural Electricidad SDG, S.A. |
Wind power production |
P.C. |
30.85 |
100.00 |
— |
— |
|
— |
|
— |
|
— |
| |||||||||||||
Desarrollo del Cable, S.A. |
Spain | Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Telecommunications | P.C. | 30.85 | 100.00 | 21.1 | 20.5 | 8.0 | — | 15.3 | ||||||||||||||||
Gas Natural Cantabria SDG, S.A. |
Spain | Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Distribution of gas | P.C. | 27.89 | 90.41 | 3.2 | 27.9 | 2.1 | — | 9.3 | ||||||||||||||||
Gas Natural Murcia SDG, S.A. |
Spain | Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Distribution of gas | P.C. | 30.83 | 99.94 | 19.4 | (2.2 | ) | (0.2 | ) | — | 5.2 | ||||||||||||||
Gas Natural Cegas S.A. |
Spain | Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Distribution of gas | P.C. | 30.75 | 99.99 | 25.5 | 60.3 | 7.6 | — | 28.7 | ||||||||||||||||
Gas Natural Aprovisionamientos SDG, S.A. |
Spain | Gas Natural SDG, S.A. |
Sagane, S.A. |
Gas supply |
P.C. | 30.85 | 100.00 | 0.6 | 18.3 | (44.6 | ) | — | (7.9 | ) | ||||||||||||||
Gas Natural Finance, BV |
Netherlands | Gas Natural SDG, S.A. | Finance | P.C. | 30.85 | 100.00 | — | 2.5 | 0.7 | — | 1.0 | |||||||||||||||||
Holding Gas Natural, S.A. |
Spain | Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Portfolio company | P.C. | 30.85 | 100.00 | 0.3 | 0.2 | — | — | 0.2 | ||||||||||||||||
Gas Natural Sao Paulo Sul, S.A. |
Brazil | Gas Natural, SDG, S.A. |
Distribution of gas |
P.C. | 30.85 | 100.00 | 346.4 | (175.6 | ) | (5.5 | ) | — | 51.0 | |||||||||||||||
Gas Natural International, Ltd. |
Republic of Ireland |
Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Finance | P.C. | 30.85 | 100.00 | 25.4 | 15.5 | 0.2 | — | 12.7 | ||||||||||||||||
Gas Natural Internacional SDG, S.A. |
Spain | Gas Natural SDG, S.A. |
La Propagadora del Gas, S.A. |
Portfolio company |
P.C. | 30.85 | 100.00 | 349.5 | (60.0 | ) | 64.4 | — | 109.2 | |||||||||||||||
CEG Rio, S.A. |
Gas Natural Internacional SDG, S.A. | Gas Natural SDG, S.A. | Marketing of gas | P.C. | 18.38 | 59.59 | 20.1 | (0.1 | ) | 7.3 | (5.2 | ) | 4.1 | |||||||||||||||
Companhia Distribuidora de Gás do Rio de Janeiro S.A. |
Gas Natural Internacional SDG, S.A. |
Gas Natural SDG, S.A. |
Distribution of gas |
P.C. |
16.71 |
54.17 |
147.7 |
(85.8 |
) |
19.6 |
|
(11.1 |
) |
11.8 |
| |||||||||||||
Gas Natural Commercialisation France |
France |
Gas Natural Internacional SDG |
Marketing of gas |
P.C. |
30.85 |
100.00 |
— |
— |
|
(1.4 |
) |
— |
|
(0.4 |
) | |||||||||||||
Gas Natural Puerto Rico, INC |
Puerto Rico | Gas Natural Internacional SDG, S.A. |
Portfolio company |
P.C. | 30.85 | 100.00 | 1.0 | (0.1 | ) | (0.2 | ) | — | 0.2 | |||||||||||||||
Invergas, S.A. |
Argentina | Gas Natural Internacional, SDG, S.A. | Portfolio company | P.C. | 22.21 | 72.00 | 48.9 | 60.6 | — | — | 24.3 | |||||||||||||||||
Gas Natural Ban, S.A. |
Argentina | Invergas, S.A. | Gas Natural Argentina SDG, S.A. | Transmission and distribution of gas | P.C. | 15.55 | 70.00 | 214.7 | (152.2 | ) | 10.4 | (13.4 | ) | 9.2 | ||||||||||||||
Gas Natural Argentina SDG, S.A. |
Argentina | Gas Natural Internacional, SDG, S.A. |
Portfolio company |
P.C. | 22.21 | 72.00 | 105.0 | (23.4 | ) | — | — | 18.1 | ||||||||||||||||
Gas Natural do Brasil S.A. |
Brazil | Gas Natural Internacional, SDG, S.A. | Electricity production and retailing | P.C. | 30.84 | 99.99 | 0.6 | (1.5 | ) | (0.4 | ) | — | (0.4 | ) | ||||||||||||||
Gas Natural Serviços, S.A. |
Brazil | Gas Natural Internacional, SDG, S.A. |
Gas Natural do Brasil S.A. |
Services |
P.C. | 30.85 | 100.00 | 1.7 | 0.3 | 0.1 | — | 0.6 | ||||||||||||||||
Gas Natural México, S.A. de CV |
Mexico | Gas Natural Internacional, SDG, S.A. |
Gas Natural SDG, S.A. |
Transmission and distribution of gas |
P.C. | 26.76 | 86.75 | 470.7 | (148.2 | ) | 3.5 | — | 87.2 | |||||||||||||||
Comercializadora Metrogas S.A. de CV |
Mexico |
Gas Natural México, S.A. de C.V. |
Sistemas de Admin. y Servicios |
Distribution of gas |
P.C. |
26.76 |
100.00 |
128.1 |
(56.1 |
) |
2.9 |
|
— |
|
20.0 |
| ||||||||||||
Adm. Servicios Energía México, S.A. de CV |
Mexico |
Comercializadora Metrogas S.A. de CV |
Gas Natural México, S.A. de C.V. |
Services |
P.C. |
26.76 |
100.00 |
— |
(0.4 |
) |
— |
|
— |
|
(0.1 |
) | ||||||||||||
Energía y Confort Admón. de Personal, S.A. de CV |
Mexico |
Gas Natural México, S.A. de CV |
Gas Natural Internacional SDG, S.A. |
Services |
P.C. |
26.76 |
100.00 |
— |
0.1 |
|
0.1 |
|
— |
|
0.1 |
| ||||||||||||
Gas Natural Servicios, S.A. de C.V. |
Mexico | Gas Natural México, S.A. de CV |
Gas Natural Internacional SDG, S.A. |
Services |
P.C. | 26.76 | 100.00 | 6.1 | (2.8 | ) | (0.2 | ) | — | 0.8 |
8
Page 9
Name |
Country |
Parent |
Other Shareholders(1) |
Line of Business |
Consolidation |
% of Total Ownership |
Amount in Millions of Euros | ||||||||||||||||||||
% of Direct Ownership |
% of Control |
Share Capital |
Reserves |
2005 Income (Loss) |
Interim Dividend |
Assets Owned(2) | |||||||||||||||||||||
Transnatural, SRL de CV. |
Mexico | Gas Natural México, S.A. de CV |
Transmission and marketing of gas |
P.C. | 13.38 | 50.00 | 10.4 | (8.4 | ) | (1.9 | ) | — | 0.0 | ||||||||||||||
CH4 Energía, S.A de CV. |
Mexico | Gas Natural México, S.A. de CV |
Transmission and marketing of gas |
P.C. | 13.38 | 50.00 | 0.6 | 0.1 | 0.9 | — | 0.2 | ||||||||||||||||
Gas Natural Vendita Italia, SPA |
Italy | Gas Natural Internacional SDG, S.A. |
Marketing of gas |
P.C. | 30.85 | 100.00 | 2.1 | 6.9 | (1.1 | ) | — | 2.4 | |||||||||||||||
Nettis Impianti, S.P.A. |
Italy | Gas Natural Internacional SDG, S.A. | Portfolio company and distribution of gas | P.C. | 30.85 | 100.00 | 3.1 | 123.1 | (0.4 | ) | — | 38.8 | |||||||||||||||
Gasdotti Azienda Siciliana, S.P.A. |
Italy | Nettis Impianti, S.P.A. |
Autocartera |
Distribution of gas |
P.C. | 30.85 | 90.00 | 0.5 | 27.1 | (4.1 | ) | — | 7.2 | ||||||||||||||
Agragas, S.P.A. |
Italy | Nettis Impianti, S.P.A. | Autocartera | Distribution of gas | P.C. | 30.85 | 90.00 | 0.1 | 35.7 | (0.5 | ) | — | 10.9 | ||||||||||||||
Normanna Gas, S.P.A. |
Italy | Nettis Impianti, S.P.A. | Distribution of gas | P.C. | 30.85 | 90.00 | 0.1 | 28.9 | (0.2 | ) | — | 8.9 | |||||||||||||||
Gas Natural Servici e Logistica Italia, S.P.A. |
Italy | Nettis Impianti, S.P.A. |
Portfolio company |
P.C. | 30.85 | 90.00 | 0.1 | 0.4 | (0.3 | ) | — | 0.1 | |||||||||||||||
Congas, S.P.A. |
Italy | Normanna Gas, S.P.A. | Agragas, S.P.A., Gasdotti Azienda Siciliana, S.P.A. | Marketing of gas | P.C. | 30.85 | 100.00 | 0.1 | 1.2 | (0.1 | ) | — | 0.4 | ||||||||||||||
Nettis Gestioni, S.R.L. |
Italy | Nettis Impianti, S.P.A. | Distribution of gas | P.C. | 30.85 | 100.00 | 0.1 | 1.7 | 0.2 | — | 0.6 | ||||||||||||||||
Nettis Gas Plus, S.P.A. |
Italy | Nettis Impianti, S.P.A. | Nettis Gestioni, S.R.L. | Marketing of gas | P.C. | 30.85 | 100.00 | 2.6 | 2.6 | 1.9 | — | 2.2 | |||||||||||||||
SCM, S.R.L. |
Italy | Nettis Impianti, S.P.A. | Nettis Gestioni, S.R.L. | Distribution of gas | P.C. | 30.85 | 100.00 | 0.8 | (0.2 | ) | 0.2 | — | 0.2 | ||||||||||||||
SCM Gas Plus, S.R.L. |
Italy | SCM, S.R.L. | Marketing of gas | P.C. | 30.85 | 100.00 | 0.2 | 0.1 | (0.2 | ) | — | 0.0 | |||||||||||||||
Smedigas, S.P.A. |
Italy | Gas Natural Internacional SDG, S.A. | Distribution of gas | P.C. | 30.85 | 100.00 | 0.6 | 20.7 | 0.9 | — | 6.8 | ||||||||||||||||
Gas Natural Rigassificazione Italia, SPA |
Italy | Gas Natural Internacional SDG, S.A. |
Distribution of gas |
P.C. | 30.85 | 100.00 | 0.1 | — | — | — | 0.0 | ||||||||||||||||
Sistemas Administración y Servicios, S.A. de CV |
Mexico | Gas Natural Internacional, SDG, S.A. |
Gas Natural SDG, S.A. | Services | P.C. | 26.84 | 87.00 | — | 0.2 | — | — | 0.1 | |||||||||||||||
Natural Servicios, S.A. |
Argentina | Gas Natural Internacional, SDG, S.A. | Gas installation work | P.C. | 24.46 | 79.31 | 2.3 | (1.3 | ) | 0.3 | — | 0.3 | |||||||||||||||
Serviconfort Colombia S.A. |
Colombia | Gas Natural Internacional, SDG, S.A. | La Propagadora del Gas, S.A. | Services | P.C. | 30.85 | 95.00 | 0.2 | 0.3 | 0.5 | — | 0.3 | |||||||||||||||
Gas Natural, S.A. ESP |
Colombia | Gas Natural Internacional, SDG, S.A. | Distribution of gas | P.C. | 18.22 | 59.06 | 10.9 | 159.2 | 43.9 | — | 39.0 | ||||||||||||||||
Gas Natural Cundiboyacense, S.A. ESP |
Colombia | Gas Natural, S.A. ESP | Distribution of gas | P.C. | 23.89 | 77.45 | 1.1 | 5.2 | 2.4 | — | 2.1 | ||||||||||||||||
Gasoriente, S.A. ESP |
Colombia | Gas Natural, S.A. ESP | Distribution of gas | P.C. | 9.93 | 54.50 | 9.2 | 24.6 | 6.7 | (9.4 | ) | 3.1 | |||||||||||||||
Gases de Barrancabermeja, S.A. ESP |
Colombia | Gasoriente, S.A. ESP | Distribution of gas | P.C. | 9.93 | 99.99 | 1.3 | 1.6 | 0.3 | — | 0.3 | ||||||||||||||||
Portal Gas Natural S.A. |
Spain | Gas Natural SDG, S.A. | e-business | P.C. | 30.85 | 100.00 | 8.0 | 0.4 | 0.1 | — | 2.6 | ||||||||||||||||
Portal del Instalador, S.A. |
Spain | Portal Gas Natural | Repsol YPF, S.A. | Services | P.C. | 23.14 | 85.00 | 1.3 | (0.1 | ) | (0.1 | ) | — | 0.3 | |||||||||||||
Torre Marenostrum, S.A. |
Spain | Gas Natural SDG, S.A. | Real estate | E.M. | 13.88 | 45.00 | 5.3 | 14.5 | (0.1 | ) | — | 2.7 | |||||||||||||||
Central Térmica la Torrecilla, S.A. |
Spain | Gas Natural SDG, S.A. | Electricity cogeneration | P.C. | 15.42 | 50.00 | 2.1 | — | — | — | 0.3 | ||||||||||||||||
Natural RE, S.A. |
Luxembourg | Gas Natural International, Ltd. | Holding Gas Natural, S.A. | Finance | P.C. | 30.85 | 100.00 | 3.1 | — | (0.4 | ) | — | 0.8 | ||||||||||||||
Gas Natural Capital Markets, S.A. |
Spain | Gas Natural SDG, S.A. | La Propagadora del Gas, S.A. | Finance | P.C. | 30.85 | 100.00 | 0.1 | — | — | — | 0.0 | |||||||||||||||
Proyectos Integrados Energéticos, S.A. |
Spain | Repsol YPF, S.A. | Repsol Petróleo, S.A. | Electricity and natural gas | F.C. | 100 | 100 | 6.0 | 6.4 | 2.6 | 15.0 | ||||||||||||||||
YPF, S.A. 7 |
Argentina | Repsol YPF, S.A. | Repsol YPF Capital/ CAVEANT/R.Exploración | Oil and gas exploration and production | F.C. | 99.04 | 99.04 | 4,594.8 | (3.2 | ) | 1,640.7 | — | 6,172.5 | ||||||||||||||
YPF International, S.A. |
Bolivia | YPF, S.A. | Repsol YPF Bolivia/Repsol YPF E&P Bolivia | Portfolio company | F.C. | 99.04 | 100 | 202.2 | (114.5 | ) | 4.7 | — | 91.5 | ||||||||||||||
YPF Energy Holdings N.V. |
Neth. Antilles |
YPF International, S.A. | Portfolio company | F.C. | 99.04 | 100 | 354.7 | (284.8 | ) | 2.4 | — | 71.6 | |||||||||||||||
YPF Jambi Merang, B.V. |
Netherlands | YPF International, S.A. | Oil and gas exploration and production | F.C. | 99.04 | 100 | 0.1 | — | — | — | 0.1 |
9
Page 10
Name |
Country |
Parent |
Other Shareholders(1) |
Line of Business |
Consolidation |
% of Total Ownership |
Amount in Millions of Euros |
||||||||||||||||||||||
% of Direct Ownership |
% of Control |
Share Capital |
Reserves |
2005 Income (Loss) |
Interim Dividend |
Assets Owned(2) |
|||||||||||||||||||||||
YPF Ecuador Inc. |
Cayman Islands |
YPF International, S.A. | Oil and gas exploration and production | F.C. | 99.04 | 100 | 0.9 | (0.9 | ) | — | — | — | |||||||||||||||||
Greenstone Assurance, Ltd. |
Bermuda | YPF International, S.A. | Reinsurance | F.C. | 99.04 | 100 | 14.2 | (12.4 | ) | 1.4 | — | 3.2 | |||||||||||||||||
YPF Malaysia, Ltd. |
Cayman Islands |
YPF International, S.A. | Oil and gas exploration and production | F.C. | 99.04 | 100 | — | (16.8 | ) | — | — | (16.6 | ) | ||||||||||||||||
Maxus Guyana, Ltd. |
Cayman Islands |
YPF International, S.A. | Oil and gas exploration and production | F.C. | 99.04 | 100 | — | (3.0 | ) | (0.3 | ) | — | (3.3 | ) | |||||||||||||||
Oil Enterprise, Ltd. (SPE) |
YPF, S.A. | Special Porpouse Entity | F.C. | 99.04 | 100 | — | (26.0 | ) | 2.9 | — | (22.9 | ) | |||||||||||||||||
Oil International, Ltd. (SPE) |
YPF, S.A. | Special Porpouse Entity | F.C. | 99.04 | 100 | — | (10.6 | ) | 10.6 | — | — | ||||||||||||||||||
YPF Holdings Inc. |
US | YPF, S.A. | Portfolio company | F.C. | 99.04 | 100 | 458.9 | (549.1 | ) | (38.8 | ) | — | (127.8 | ) | |||||||||||||||
CLH Holdings |
US | YPF Holdings Inc. | Finance | F.C. | 99.04 | 100 | 124.4 | (187.1 | ) | (9.3 | ) | — | (71.3 | ) | |||||||||||||||
Tierra Solutions Inc. |
US | CLH Holdings | Other | F.C. | 99.04 | 100 | 124.4 | (187.1 | ) | (9.3 | ) | — | (71.3 | ) | |||||||||||||||
Maxus Energy Corporation |
US | YPF Holdings Inc. | Oil and gas exploration and production | F.C. | 99.04 | 100 | 237.3 | (356.5 | ) | (21.0 | ) | — | (138.9 | ) | |||||||||||||||
Maxus US Exploration Co. |
US | Maxus Energy Corporation | Oil and gas exploration and production |
F.C. | 99.04 | 100 | 1.6 | (109.0 | ) | (9.4 | ) | — | (115.7 | ) | |||||||||||||||
Midgard Energy Co. |
US | Maxus Energy Corporation | Oil and gas exploration and production | F.C. | 99.04 | 100 | — | ||||||||||||||||||||||
Diamond Gateway Coal Co. |
US | Maxus Energy Corporation | Other | F.C. | 99.04 | 100 | (9.6 | ) | 0.8 | (0.1 | ) | — | (8.8 | ) | |||||||||||||||
Wheeling Gateway Coal Co. |
US | Maxus Energy Corporation | Other | F.C. | 99.04 | 100 | — | ||||||||||||||||||||||
Gateway Coal Co. |
US | Maxus Energy Corporation | Diamond Gateway Coal Co. | Other | F.C. | 99.04 | 100 | — | |||||||||||||||||||||
Ryttsa USA Inc. |
US | YPF Holdings Inc. | Marketing of oil products | F.C. | 99.04 | 100 | — | ||||||||||||||||||||||
Compañía Mega |
Argentina | YPF, S.A. | Gas fractionation | P.C. | 37.64 | 38.00 | 171.3 | 57.2 | 103.1 | — | 124.8 | ||||||||||||||||||
Operadora de Estaciones de Servicio, S.A. OPESSA |
Argentina | YPF, S.A. | Repsol YPF Gas, S.A. | Marketing of oil and gas | F.C. | 98.90 | 99.85 | 101.0 | (58.5 | ) | 9.4 | — | 51.3 | ||||||||||||||||
YPF Inversora Energética, S.A. |
Argentina | YPF, S.A. | Astra Evangelista, S.A. | Portfolio company | E.M. | 99.04 | 100 | — | — | — | — | — | |||||||||||||||||
Gas Argentino, S.A. (GASA) |
Argentina | YPF Inversora Energética, S.A. | Portfolio company | E.M. | 44.89 | 45.33 | 260.8 | (344.5 | ) | 8.7 | — | (33.7 | ) | ||||||||||||||||
Metrogas, S.A. |
Argentina | Gas Argentino, S.A. (GASA) | Distribution of gas | E.M. | 31.43 | 70.00 | 480.7 | (721.2 | ) | 19.2 | — | (69.5 | ) | ||||||||||||||||
Oiltanking Ebytem, S.A. |
Argentina | YPF, S.A. | Transmission and storage of oil and gas | E.M. | 29.71 | 30.00 | 9.9 | (1.0 | ) | 6.9 | — | 4.7 | |||||||||||||||||
A&C Pipeline Holding |
Cayman Islands |
YPF, S.A. | Finance | E.M. | 17.83 | 18.00 | 0.8 | — | — | — | 0.1 | ||||||||||||||||||
Oleoducto Transandino Argentino, S.A. |
Argentina | A&C Pipeline Holding | Oil pipeline construction and operation |
E.M. | 17.83 | 100 | 38.3 | — | — | — | 6.8 | ||||||||||||||||||
Oleoducto Trasandino Chile, S.A. |
Chile | A&C Pipeline Holding | Oil pipeline construction and operation |
E.M. | 17.83 | 100 | — | — | — | — | — | ||||||||||||||||||
Gasoducto del Pacífico Argentina, S.A. |
Argentina | YPF, S.A. | Gas pipeline construction and operation |
E.M. | 8.67 | 10.00 | 104.6 | (42.0 | ) | 4.6 | — | 5.8 | |||||||||||||||||
Profertil, S.A. |
Argentina | YPF, S.A. | Production and sale of gas products | P.C. | 49.52 | 50.00 | 300.6 | (65.7 | ) | 84.8 | — | 158.3 | |||||||||||||||||
Refinerías del Norte, S.A. (REFINOR) |
Argentina | YPF, S.A. | Refining and marketing of oil products |
P.C. | 49.52 | 50.00 | 85.2 | 15.6 | 45.5 | (26.7 | ) | 59.2 | |||||||||||||||||
Terminales Marítimas Patagónicas, S.A. |
Argentina | YPF, S.A. | Logistics of oil by-products | E.M. | 32.83 | 33.15 | 12.1 | 24.7 | 1.9 | — | 12.7 | ||||||||||||||||||
Oleoductos del Valle, S.A. (OLDELVAL) |
Argentina | YPF, S.A. | Logistics of oil by-products | E.M. | 36.64 | 37.00 | 93.0 | (10.4 | ) | 6.9 | — | 32.8 | |||||||||||||||||
Poligas Luján, S.A. |
Argentina | YPF, S.A. | Bottling, transmission and marketing of L.P.G. | F.C. | 50.01 | 50.49 | — | — | — | — | — | ||||||||||||||||||
Argentine Private Development Company (APDC) |
Cayman Islands |
YPF, S.A. | Oil and gas exploration and production | F.C. | 99.04 | 100 | 25.4 | (13.8 | ) | — | — | 11.5 | |||||||||||||||||
Astra Evangelista, S.A. |
Argentina | YPF, S.A. | OPESSA | Engineering and construction | F.C. | 99.04 | 100 | 7.3 | 10.4 | (2.5 | ) | — | 15.1 | ||||||||||||||||
AESA Construcciones y Servicios |
Brazil | Astra Evangelista, S.A. | YPF, S.A. | Engineering and construction | F.C. | 99.04 | 100 | 2.3 | (0.6 | ) | — | — | 1.7 |
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Name |
Country |
Parent |
Other Shareholders(1) |
Line of Business |
Consolidation |
% of Total Ownership |
Amount in Millions of Euros |
||||||||||||||||||||
% of Direct Ownership |
% of Control |
Share Capital |
Reserves |
2005 Income (Loss) |
Interim Dividend |
Assets Owned(2) |
|||||||||||||||||||||
Adicor, S.A. |
Uruguay | Astra Evangelista, S.A. | Other | F.C. | 99.04 | 100 | 0.1 | 6.8 | — | — | 6.8 | ||||||||||||||||
Gasoducto Oriental, S.A. |
Argentina | Astra Evangelista, S.A. | Distribution of natural gas | E.M. | 16.50 | 16.66 | — | 2.0 | (0.1 | ) | 0.3 | ||||||||||||||||
Inversora Dock Sud, S.A. |
Argentina | YPF, S.A. | Portfolio company | E.M. | 42.45 | 42.86 | 79.4 | — | 5.1 | — | 35.9 | ||||||||||||||||
Central Dock Sud, S.A. |
Argentina | Inversora Dock Sud, S.A. | YPF, S.A. | Electric power generation and retailing | E.M. | 39.53 | 79.83 | 132.8 | — | 5.1 | — | 54.5 | |||||||||||||||
Pluspetrol Energy, S.A. |
Argentina | YPF, S.A. | Oil and gas exploration and production | P.C. | 44.57 | 45.00 | 81.3 | (50.2 | ) | 30.0 | — | 27.2 | |||||||||||||||
Repsol YPF Chile, Limitada |
Chile | Repsol YPF, S.A. | OPESSA | Administration of YPF’s investments in Chile | F.C. | 100.00 | 100.00 | 113.6 | 44.6 | 3.3 | — | 161.4 | |||||||||||||||
Operaciones y Servicios YPF, Ltda. |
Chile | Repsol YPF Chile, Limitada | Petróleos Transandinos, S.A. | Operation of service stations | F.C. | 100.00 | 100.00 | 1.3 | (0.6 | ) | 0.3 | — | 1.0 | ||||||||||||||
Petróleos Transandinos YPF, S.A. |
Chile | Repsol YPF Chile, Limitada | YPF, S.A. / OPESSA | Marketing and distribution of fuels and lubricants |
F.C. | 100.00 | 100.00 | 49.6 | 33.6 | 2.1 | — | 85.3 | |||||||||||||||
Repsol YPF Bolivia, S.A. |
Bolivia | Repsol YPF, S.A. | R. Ex.plorac./Rex. Perú/Rex. Colombia/ R.YPF E&P Bolivia | Portfolio company | F.C. | 100 | 100 | 449.5 | 8.9 | (1.1 | ) | — | 457.3 | ||||||||||||||
Empresa Petrolera Andina, S.A. |
Bolivia | Repsol YPF Bolivia, S.A. | Oil and gas exploration and production |
F.C. | 50.00 | 50.00 | 472.4 | (105.9 | ) | (43.6 | ) | — | 161.5 | ||||||||||||||
Transierra S.A. |
Bolivia | Empresa Petrolera Andina, S.A. | Oil and gas transmission | E.M. | 44.50 | 44.50 | 80.0 | 10.1 | 6.9 | — | 43.2 | ||||||||||||||||
Maxus Bolivia Inc. |
Bolivia | Repsol YPF Bolivia, S.A. | Oil and gas exploration and production | F.C. | 100 | 100 | 112.3 | 62.4 | 20.0 | — | 194.7 | ||||||||||||||||
Repsol YPF E&P de Bolivia, S.A. |
Bolivia | Maxus Bolivia Inc. | R. YPF Bolivia, S.A. / Rex. Perú, S.A. / Rex. Colombia, S.A. |
Oil and gas exploration and production |
F.C. | 100 | 100 | 128.3 | 61.5 | 23.7 | — | 213.5 | |||||||||||||||
AESA Construcciones y Servicios Bolivia |
Bolivia | Repsol YPF Bolivia, S.A. | R. YPF E&P de Bolivia, S.A. / Astra Evangelista |
Oil and gas transmission | F.C. | 100 | 100 | — | (5.9 | ) | 7.2 | — | 1.3 | ||||||||||||||
Repsol YPF Brasil, S.A. |
Brazil | Repsol YPF, S.A. | OPESSA | Exploitation and marketing of oil and gas | F.C. | 100.00 | 100.00 | 882.2 | (354.7 | ) | (47.7 | ) | — | 479.8 | |||||||||||||
Repsol YPF Distribuidora, S.A. |
Brazil | Repsol YPF Brasil, S.A. | Repsol YPF Importadora de Productos, Ltda. | Logistics of oil by-products | F.C. | 100.00 | 100.00 | 70.7 | (82.1 | ) | 3.8 | — | (7.5 | ) | |||||||||||||
Transportadora Sul Brasileira do Gas, S.A. |
Brazil | Repsol YPF Brasil, S.A. | Construction and operation of a gas pipeline |
E.M. | 15.00 | 15.00 | 29.0 | (9.1 | ) | (6.4 | ) | — | 2.0 | ||||||||||||||
Termogaucha—Usina Termeléctrica, S.A. |
Brazil | Repsol YPF Brasil, S.A. | Construction and operation of a power station |
E.M. | 26.00 | 26.00 | 119.2 | 2.2 | (8.6 | ) | — | 29.3 | |||||||||||||||
Refinaria de Petróleos Manguinhos, S.A. |
Brazil | Repsol YPF Brasil, S.A. | Refining and marketing of oil products |
P.C. | 30.71 | 30.71 | 11.9 | 62.9 | (21.8 | ) | — | 16.3 | |||||||||||||||
Manguinhos Distribuidora, S.A. |
Brazil | Refinaria Petróleos Manguinhos, S.A. |
Marketing of oil products | P.C. | 30.71 | 100.00 | 11.0 | (0.3 | ) | (0.3 | ) | — | 3.2 | ||||||||||||||
Manguinhos Química, S.A. |
Brazil | Refinaria Petróleos Manguinhos, S.A. | Manguinhos Distribuidora, S.A. | Marketing of petrochemicals | P.C. | 30.71 | 100.00 | 2.1 | (0.2 | ) | 0.0 | — | 0.6 | ||||||||||||||
Alberto Pasqualini REFAP, S.A. |
Brazil | Repsol YPF Brasil, S.A. | Refining and marketing of oil products |
P.C. | 30.00 | 30.00 | 324.7 | 132.8 | 75.6 | — | 159.9 | ||||||||||||||||
Operadora de Postos de Servicos Ltda. |
Brazil | Repsol YPF Brasil, S.A. | Repsol YPF Importadora de Productos, Ltda. |
Operation of service stations | F.C. | 100.00 | 100.00 | 17.3 | (19.0 | ) | (10.3 | ) | — | (12.0 | ) | ||||||||||||
Repsol YPF Importadora de Productos, Ltda. |
Brazil | Repsol YPF Brasil, S.A. | Repsol Gas Brasil, S.A. | Marketing of oil products | F.C. | 100.00 | 100.00 | 0.4 | — | 0.1 | — | 0.5 |
Consolidation method: |
||||||||
F.C.: |
Full consolidation | (*) | Amount less than EUR 20,000. | |||||
P.C.: |
Proportional consolidation | |||||||
E.M.: |
Equity method | (1) | Other Group companies with ownership interests of less than that of the Parent in the company’s share capital. | |||||
n/a: |
Not available | (2) | Based on the percentage of ownership of the related Parent. | |||||
Information to be verified by DCA | (3) | This company is fully consolidated by its Parent. The Parent is accounted for by the equity method in the Repsol YPF Group. | ||||||
Awaiting information |
11